Pinterest Shareholders Should Say No to a PayPal Buyout
Of all the companies that could make a bid for Pinterest (NYSE: PINS), Paypal (NASDAQ: PYPL) was one of the least likely.
The fintech giant's business is only tangentially related to the social media company's, and Paypal seems mostly interested in Pinterest's potential as an e-commerce platform that can be tucked into its "super app."
However, the logic behind a potential deal, which was first reported by Bloomberg, isn't really important to Pinterest shareholders. What matters is the price -- and $70/share is a head-scratcher for a stock that was one of the breakout stories of the pandemic, and was trading above that level for much of this year.
Source Fool.com
